24 June 2011
Income Tax Returns for the AY 2011-12
1] Whether all salaried persons should file ITR for AY 2011-12 or if that salaried income is below Rs.5 lakhs P.A need not file returns.
2] Whether the exemption [Taxable income below Rs.5 lakhs per P.A] is applicable only to the salaried persons whose employer’s file returns – Form 16 of their staff to ITD, hence those employee’s need not file ITR from the AY 2011-12 onwards.
3] Please explain the position of the salaried person’s whose income is below Rs.5 lakhs P.A and they come under exempted salary limit due to their savings / investment as per the deductions under Chapter VI-A – whether they have to file ITR.
24 June 2011
see this link https://www.caclubindia.com/news/salaried-taxpayers-with-total-income-up-to-rs-5-lakh-exempted-from-filing-itr-for-ay-2011-12-9586.asp
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